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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ig Group Holdings Plc | LSE:IGG | London | Ordinary Share | GB00B06QFB75 | ORD 0.005P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.50 | -0.48% | 720.50 | 724.00 | 724.50 | 727.50 | 720.00 | 720.00 | 1,707,402 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commodity Brokers & Dealers | 1.02B | 365.4M | 0.9530 | 7.60 | 2.78B |
Date | Subject | Author | Discuss |
---|---|---|---|
27/1/2022 08:00 | ' A record first half performance across all of our businesses, building on the momentum from the past year and demonstrating the benefits of our increasingly global and diversified business model' | cwa1 | |
24/1/2022 19:55 | Yes exactly. Time to buy & hold igg and Cmcx. | sick of it | |
24/1/2022 15:44 | Market volatility only serves to boost profits here. | coxsmn | |
10/1/2022 08:13 | Excellent trading update over at Plus this morning. Should read across to us. | coxsmn | |
15/12/2021 12:24 | Here’s an update after speaking with IGG - they discontinued issuing the trading updates so will be none in December. And the H1 results will be issued on the 27th Jan. | taras73 | |
15/12/2021 08:49 | Yes, there was a trading update in 2020 exactly a year ago on 15 Dec. | anhar | |
14/12/2021 22:38 | I think the H1 results are out in Jan but there should be a trading update one month prior around mid December? | taras73 | |
10/12/2021 16:06 | Next earnings communication will be H1 numbers in January, per 16 Sep Q1 announcement. | hpcg | |
10/12/2021 15:18 | I wonder if there will be a trading update soon .... revenues, customer acquisitions/ retentions etc. | tourist2020 | |
07/12/2021 13:08 | I don't know about this year or next, my point as I've said is that IGG is now a much higher risk business for the reasons I've given. Consequently, imo, a downturn in business will hit them very hard with a likely big cut or suspension of the divi and a sharp price fall. But divis are what I care about. Note that they have form on this, even the old original, low risk, spread bet business had the occasional bad patch with divi cuts, from memory. Edit to add: The divi has been unchanged at 43.2p for four years now which is not an outstanding record. If they do raise it for 22 or 23 as you expect, unless it's a very big improvement it won't compensate much for the four static years. There was though a big rise from 32.3p in 17. I still hold a fair chunk of IGG even after dumping about 2/3 because my holding had become quite large over the many years I owned it. But I am now quite wary of it as I've been saying. Incidentally they have just announced that the interim results to 30 Nov will be released on 27 Jan. | anhar | |
06/12/2021 12:47 | Anhar, contrary to your theory I expect a dividend hike this year or next:) Anywhere between 45p and 50p would be consistent with their EPS and historic payout ratio. | tourist2020 | |
04/12/2021 15:55 | Chaps, you're totally misunderstanding the balance sheet issues. When volatility got mad their hedging counterparts will have wanted a lot of collateral, quickly. They need headroom. | simplethesis | |
04/12/2021 14:55 | If you don't believe in growth then don't invest here, simples. To win you need size and economy of scale. | coxsmn | |
04/12/2021 12:29 | Why are massive expansion plans a good thing? It doesn't follow at all, especially when substantial debt is incurred to finance it, if that is what the large new debt facility is for. Size for size's sake is not desirable imo. In particular, the USA has in many cases been a disaster for UK companies buying up businesses there. No share is ever "safe" but there are degrees of safety. IGG by acquiring tastytrade and now having substantial debt has ventured into a much higher risk on this scale. I think further debt fuelled expansion will push it even higher up the risk chart, for me anyway. Such a shame to see what was once an attractive business with little or no debt and a decent yield, as I'm an income investor, mutated deliberately into a high debt, high risk, operation. The yield is still good but the divi is at more risk. They just couldn't leave well alone, these ego tripping directors with their empire building plans. | anhar | |
03/12/2021 14:29 | Yes, I am inclined to agree with the expansion plan argument. Time will tell if they are successful, but I certainly hope so, because this is one that I want to hold as an income plus capital growth stock for five years plus! Also agree with the sentiment that it is a more risky proposition with the Tasty purchase - but a new boss was always going to want to put their own mark on things. No such thing as a safe stock in the 2020's IMO anyway! | lovewinshatelosses | |
03/12/2021 12:16 | massive expansion plans | coxsmn | |
02/12/2021 09:04 | Why the large additional debt facilities? Because they think they might need it. And that will likely come, as I've said, in a serious downturn. Nobody seems to acknowledge that this downturn is inevitable. It's just the timing that is unknown. I may well have gotten out too early, I can't time it and have retained a stake. But what I know for sure is that IGG is now a much riskier business, especially in a bad patch, than before with both tasty and the increased debt exacerbating the risk hugely. As an income investor, I now see IGG divis as at more risk than usual. It's a classic situation when investors believe the good times will last forever as has been suggested here. You see the opposite in the depths of bear market when people think there will never be a recovery. Fact is that serious bull and bear markets are a certainty. You have to be blind to history not to believe that. The tricky bit is the timing... At first, a decent bear might benefit IGG in trading volume but it's the stagnation and fall in volume which follows that is the killer. | anhar | |
01/12/2021 20:16 | Anhar, obviously you`ve made your decision but its worth pointing out that as yet IGG has not taken on any extra debt, it has simply refinanced a GBP 250m loan taken out to fund the Tastytrade acquisition extending the redemption period and probably locking in a reasonable 7 yr interest coupon. The senior bank facilities were expiring in Sep 21 and Dec 22 so again it makes sense to renew and extend them. Meanwhile $216m of today`s announced sales will be coming in during the first half of 2022. I would say the transactions make sense from a balance sheet management perspective although I remain curious about why they issued and umbrella Prospectus to cover up to 1 billion of future loan notes. | tourist2020 | |
01/12/2021 08:21 | Market not impressed but what's new | prokartace | |
01/12/2021 07:38 | Sounds like useful grist to the mill:- Proposed sale of Nadex and Small Exchange 1 December 2021 IG Group Holdings plc ("IG" and, together with its subsidiaries, the "Group") today announces the proposed sale of North American Derivatives Exchange, Inc. ("Nadex") and Small Exchange, Inc. ("Small Exchange"), the latter of which the Group owns approximately 39%, to Foris DAX Markets, Inc. (part of the group of companies trading as "crypto.com"). The proposed sale is a cash transaction with an approximate, aggregate price for the IG shareholdings in both companies of $216 million. The closing of the transaction is expected to be in the first half of 2022, subject to the satisfaction of customary conditions, including regulatory review. This transaction does not materially impact full-year adjusted operating profit expectations nor the medium-term revenue growth guidance for High Potential Markets previously provided in July 2021. "We're really excited by this deal, as it delivers a significant return on the previous investments made in Nadex and Small Exchange and enables additional investment across all our businesses. This deal also allows us to further sharpen our focus on integrating and expanding the US options and futures business through our tastytrade and tastyworks franchises, both in the US and internationally, where we see significant room for growth." said June Felix, CEO, IG Group. | cwa1 | |
30/11/2021 10:56 | Well my very lengthy experience demonstrates to me at least that there are bad periods for market activity. We can't time them but I maintain they are inevitable. It happens usually following a steep bear market/recession etc. when burnt fingers and general disillusionment with investing cause a serious fall in volume, often worldwide. It's happened repeatedly in the past and I'm sure will again. My point though is that IGG is ill placed now to weather such a bad patch, whereas in its old guise it was much better able to do so. | anhar | |
30/11/2021 10:44 | anhar - this is where market participants can differ in their perception of the future that none of us know. I don't see trading volumes declining, if anything I think they will expand as the availability of options to retail goes global. The post GFC investor generation is only growing. That still leaves execution risk. On the flip side IGG will just be taken over by PE if the public market won't rate it. | hpcg | |
30/11/2021 10:34 | Transition is correct though not to an improved business but to a far more risky model with a lot of debt and rooted in good times, that will have a tough time in tough times, I think. Who knows, just my speculation, but enough to cause a sizeable dump. | anhar | |
30/11/2021 10:01 | I do understand your concerns anhar but I think the word "Transition'' springs to my mind right now so not to worried at the mo. | luderitz |
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